MILKYWAY(SH:603713) Zheng Quan Zhi Xing·2025-07-07 16:06Core Viewpoint - The legal opinion letter from Shanghai Junlan Law Firm addresses the cancellation of stock options and the repurchase of restricted stocks by Milkway Intelligent Supply Chain Service Group Co., Ltd, confirming that the actions comply with relevant regulations and will not materially affect the company's financial status or operational results [1][22][23]. Summary by Sections Approval and Authorization of Cancellation - The cancellation of stock options and repurchase of restricted stocks has been approved and authorized by the company's board, in accordance with the relevant incentive plans and regulations [4][9][22]. Details of Cancellation - For the 2021 incentive plan, a total of 1,981,400 stock options will be canceled due to non-exercise by the eligible participants within the specified periods [9][10][12]. - The 2022 incentive plan will see the cancellation of 56,000 stock options, also due to non-exercise by the eligible participants [16][18]. - The 2024 incentive plan will result in the cancellation of 633,682 stock options, primarily due to the departure of eligible employees and unmet performance targets [19][21]. Financial Impact - The cancellation of stock options and repurchase of restricted stocks is not expected to have a substantial impact on the company's financial condition or operational results [15][22][23]. Information Disclosure - The company is required to disclose relevant information regarding the cancellations and repurchases in accordance with applicable laws and regulations [23][24].